At home, market participants will observe these global signals, but they are likely to focus primarily on individual stocks. They will also track the RBI Governor’s speech to the Ficci members today at 11 AM. Also, Covid-19 trends and news flow on the India-China front will be closely monitored.
In addition, the new margin penalty system will be implemented from today whereby brokers will have to collect margins from investors in advance for any purchase or sale of shares and failure to do so will carry a penalty.
Aurobindo Pharma is ready for active commercialization today after the company announced its collaboration with the Council for Scientific and Industrial Research to develop vaccines to protect against Covid-19.
Global signals
Australia’s S & P / ASX 200 Index gained half a percent in early trading, but Japan’s Nikkei and Hong Kong’s Hang Seng were flat. Overall, MSCI’s broader Asia-Pacific equity index outside of Japan closed up 0.65% on Tuesday.
In the night trade, US stocks finished their session highs. The Nasdaq added 1.2 percent, the S & P500 index gained half a percent, while the Dow Jones closed little changed.
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